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Search Results 0 to 49 of about 61 (some duplicates have been removed)
in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style tax reform could make both conditions worse. but don't dismiss the old framework lightly. credit for the 1986 reform law begone -- belongs to democrats like bill bradley and the senate. just as much as to president reagan. as a member of the house back then, not only voted for it, fight with the votes to make sure it passed. i was on the committee set up by dan rostenkowski to get it done. the approach but a good deal of sense at the time. then as now, the code was littered with agrees is loopholes that needed to be reform. recall the so-called passive loss schools that were in place but then. they allowed wealthy taxpayers to gain the system. someone could invest in a bowling alley and then, if the bullets lost money, they could take a ride up many times larger than their initial money and what of their entire income tax liability. we need to get rid of such a gimmicky tax shelter. puring these loopholes allowed us
toomey how the deficit is going to play a role in the depate. he was a member of the super committee. plus memorable moments from past vice presidential debates like this one from 1988. >> senator, i served with jack kennedy, i knew jack kennedy. jack kennedy was a friend of mine. senator, you're no jack kennedy. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. extra curricular activities help provide a
a lot more. we'll talk to douglas holtz-eakin on the budget deficit. he will give us some insight and analysis how it all works into the election next hour. friday trading session still underway. we'll see you in the next hour. keep it here on fox business. [ le announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of llars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all
states and six years later, left with massive deficits. during his time in the senate, national debt went up by $16,000 every second and in an earlier debate, he conceded spending was a problem when he was in the senate. we also have people who know how to work together. as a nonpartisan mayor in richmond, i worked to cut crime, build schools, and grow the economy, and as a governor in a tough time, we worked to win all kinds of accolades for the state. my opponent, when he was governor, said his job was to knock democrats soft teeth down their whiny throats and took a similar position in the senate, siding against compromise efforts led by then virginia's senior senator john warner. we need to join together to move forward and that's what i'll do as your next united states senator. >> mr. allen, your opening statement. >> thank you, bob, and thank you all for listening and watching this debate. folks, i envision a much better future than what we're having to endure these days and that's why i've put forth a detailed plan. my blueprint for america's come back. to get our economy stronger,
years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my blueprint for america to get an economy and stronger jobs. the question is which one of us can be accounted upon. you may have read an article that was comparing our two governorships. the call me when the most accomplished modern governors with major improvements in public education, safety, welfare reform, and i described how worked with leaders in the other party to get results for the people. the bad economy
.s. >>shepard: specifics? >>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out hisplan. he has done it over and ovend h tedutcug rd >> i would rr ben t side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is sayi >>shd:y saey ll tutit h ld. stands to reason that the american people would go, you should tell us how but they are not going to. >>guest: i think we will hear it from the vice predent. wdov il >>shepard: all right guys, john, john, everyone is john today. we will be in kentucky tomorrow.
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
income individuals to avoid either raising the deficit or burdening the middle class. it's math. it is arithmetic. megyn: now, this professor at princeton, upon whom the obama campaign has based its charge since then, they are citing this professor, harry rosen, to say that romney's plan is going to pinch the middle class -- he has come out and said, i have never said that and i do not believe that. joining me now is lou dobbs, host of "lou dobbs tonight" and a syndicated radio host. it's not often that you see a princeton guide defending a candidate, but he is saying that i am not saying, this will not pinch the middle class. why is that? be. lou: based on a set of assumptions, it is a result of the tax reductions and the marginal tax rate, which would be 20% from top to bottom. megyn: romney is going to cut 20% for everyone? lou: the top 20% will go to 28. and he said, what are you talking about? they stripped away the tax policy center -- which is a left wing outfit. megyn: let's just keep on that, because this is the other thing -- the tax policy center says the middle class
think that he is wrong that debt and deficit is number one. jobs is numbe it adds a sense of bad news amongst the administration, number two, it does hamper obama's ability to press his advantage on foreign policy, which he did have because of the modern and other issues. but this is breaking through and it's going to continue breaking through the house hearings today. there are some curious mishandling of this issue in benghazi. as it continues to break through october, the timing is bad and it gives mitt romney simply stand and say, this guy has made some serious mistakes here. jon: the clear politics have taken a look at independent voters. the rcp average, the rasmussen poll, gallup tracking poll, ibd, all of them have mitt romney just president among independent voters. does that surprise you? >> yes, because it's such a radical shift. but again, i thishift. but again, i think that perception after the debate, maybe more so than the reality, is everything in politics. the perception is that mitt romney swamped the president, he looked more commanding and presidential on the stage
$50,000 at 100% it would only run the government 90 days. we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those untruths, i believe he had to do some of that because the only thing paul ryan was doing was complementing what romney was doing, which was lying. so i believe biden had to interrupt because there were times when things ryan was saying did not make any sense. the 47%, they cannot clarify the that this really has hurt a lot of people by what they have said and they cannot live up to that. then president obama gets in office the first day and the republicans say we will do everything we can to make sure you are one-term president. how can you
. >> it is an alluring prospect to cut taxes on the wealthiest people, reduce the deficit, but the mass dictates you cannot have it all. the arithmetic, as president clinton said. the reality is, any path forward that promises to cut rates will fail to reduce the deficit or fail to protect the middle class from a net tax increase. you can at most achieve two of these goals. anyone pushing a plan purporting to accomplish all three is not telling the truth. the sooner we are honest with ourselves about this, the easier it will be to negotiate an actual compromise on taxes and on deficit reduction. host: senator charles schumer, democrat, new york, yesterday, talking about these negotiations on the so-called fiscal cliff. the gang of eight is trying to come up with some alternative plan to address that. we're spending a couple more minutes here, one or two more phone calls about the supreme court hearing the affirmative action case. they are going to release the audio of the arguments on friday after 1:00 p.m. we will put that up and air that on friday. go to c-span.org for more details about when all
. bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to see what happens when we reach the fiscal cliff. i think there is a way. >> are we going over that cliff? >> i don't think so. >> do you think they're going to come together before january 2nd? >> only because you're going to have enough ceos and people who contribute to democrats and republicans alike that go, kids, kids, come here. come here. let's gather around. we're going to stop supporting you if you don't stop acting so reckless. they've got no choice. the markets are going to kill us. you know, right now we've got again 16, $17 trillion national debt. this past year. every dime that we took in as a gov
beyond the level the pentagon asked for which would explode the deficit. and he wouldn't commit to the 2014 timetable to bring our troops home from afghanistan. and so i think time and time again the vice president laid out the choice for the middle class in this election and was very effective in doing so. jon: time and time again the vice president interrupted, interjected, laughed, guf fawed, that kind of thing. was that appropriate first of all? was it intentional? >> well, republicans like to praise happy warriors. that is what we saw from the vice president last night. he caught out the brazen attempt by the romney-ryan campaign to try to rewrite their kick the -- ticket and their positions in the final 30 days of the race. suddenly they don't know anything about the $5 trillion tax cut for the wealthiest they proposed. suddenly they talk like they cover people with preexisting conditions under their health care plan. we know if you're between jobs or between plans you wouldn't be covered under their plan. the vice president is authentic. what you see is what you get. he d
to cut budget deficits. greece and spain to have more time because it would do more harm than good. france and italy and spain have been giving the same message. germany responding by saying backtracking in debt reduction goals. it would hurt confidence and so it goes. connell: never a shortage items. [talking over each other] ashley: a very conservative view. vice president joe biden taking on paul ryan in the vice-presidential debate this evening and joe biden will have work cut out for him. a new fox news poll shows 40% of americans have a favorable opinion of paul ryan compared to 44% for the vice president. with reaction to that let's bring in judith miller, fox news contributor and fellow at the man and an institute and former press secretary for vice president al gore. who has the most to lose tonight? >> joe biden has the most to lose because if he doesn'' improve on the president's performance, this ticket is in big trouble. dagen: is it avoiding gaffes this evening? i would rather see him a little loose with his lips than be a board. >> he is not going to be boring. neith
policy speech with no specifics, just big promises, and the same thing on the deficit and taxes. i'm going to get rid of the deficit, give you tax breaks, without talking about anything specific except, of course, big bird. >> yeah. and what -- it's important to note, you are a master of parody and comedy, the form as it were. sesame workshop has responded to big bird ad. >> official response. >> this qualifies as breaking news. >> i always knew snuff love gus was a republican but -- >> how dare you claim not to be liberals with all your brainwashing. i know how to count because of sesame street because they brainwash. >> let's not denigrate the importance of sesame street to early childhood education and the role it plans. to john's point, this is kind of -- we have serious issues at hand. >> exactly. >> and the chock is ticking. >> feel like i want to bring in mr. rogers and talk about my feel approximationp we should be talking about education and infrastructure, it is a tiny number but representative of something larger. >> two things to say about this ad, only one good thing,
said no to the keystone pipeline. i asked more questions like why was it with a trillion dollar deficit, he found it in his -- in his heart to put $90 billion into green energy companies that in many cases were contributors to his campaign. at least the owners of those businesses were. and why was it with what he had promised during his campaign, that health insurance premiums he would bring down by $2,500 a year, instead they went up by $2,500 a year. you know, i know we've heard his answers over the campaign. had he says look you can't fix washington from the inside, only do it from the outside. we're going to give him that chance, all right. >> that was mitt romney at a rally in richmond, virginia, karen finney some sharp words. >> not unexpected. >> not unexpected at all. >> i'll start first with benghazi, which we didn't talk about earlier and which we will talk about now. mitt romney clearly sees an opening here, foreign policy wise to hit the president. said that president is doubling down on denial in his remarks just a moment ago. let's talk about how the vice president handled
is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential debate should really be focused on? lou dobbs is here. lou: where should we start. melissa: i will sit back. go ahead. lou: the sesame workshop has decided they have had a belly full of being in this presidential campaign. they have asked that the campaigns cease and assist. they are a nonpartisan outfit. it really became onerous when not only the president was using big bird, but then romney to point out there have been eight mentions of big bird by president obama and five mentions of elmo and count along the mentions of libya. zero. the plant to fix the economy, zero. big bird overtaking. talk about a big bird and a small issue. it is as you say on becoming. it is disastrous for the president. he lo
with the skills they need to get the jobs they want. get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they never missed a mortgage payment. >> ali velshi is our chief business correspondent. ali velshi, welcome back. unemployment below 6%, to quote you, in your op-ed on cnn money, no more bs, please. care to extrapolate? >> right, so let's put the unemployment number aside for a second. that is a nonpartisan number, that's congressional budget office they say if nothing changed, we would have an unemployment rate of about 6.3% by the end of 2016. the end of the next presidential term. but as we have learned in the last week, the unemployment rate measures different
. daniels, indiana has balanced budgets. when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican house and senate and a democratic governor. i like your idea. i get kind of a kick, the congressmen and i have known each other for years. he is a fine person, but we disagree on many things. there is the candidate and the congressmen. humanist 86% of the votes. -- you missed 86% of the votes. and you would vote governor daniels' name. mitch daniels is a friend of mine, but he shows up to work every day. he is there. you are talking about our financial situation and when you were in congress and in control, president bush was in office, you voted five times to raise
still have a $300 billion deficit. you see there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out middle class, the tax bill is coming to you. jamie: stuart varney, anchor of "varney & company" on the fox business network here to tell us what he thinks about that. hi, stu, good morning. >> well look, the central quote on the economic side of the debate which policy will grow the economy and cut the deficit. paul ryan was very clear. you cut tax rates, that gives you growth. listen to this exchange. >> cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mattally possible. >> it is mathematically possible. it has been done before. >> it has never been done before. >> it has been done couple times actually. lower tax rates increase growth. lower tax rates. >> now you're jack kennedy. >> well that was interruption. that was also a put-down and vice president biden woos factually
taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70%. that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam, and we've been in business for over 100 years. call fidelity life. ♪ or visit fidelitylife.com for your free quote. [ horn honks ] hey, honey. do we have life insurance? ♪ [ male announcer ] or visit fidelitylife.com to secure your family's future today. >>> election say is just 26 days away and voting is already under way in more than half th
a 2-0 deficit, best of five. washington beat st. louis by one. that series going to game five today as well. >> very cool. >>> all right. coming up next just ahead, continuing coverage of last night's vice-presidential debate. find out from our political analyst how the candidate did. >> later, a much deserved homecoming. robin roberts back in her own bed this morning. and an update coming up. ♪ ♪ things can only get better ♪ ♪ believe me this is going to make you stronger ♪ ♪ gonna make you stronger ♪ >> announcer: "world news now" weather brought to you by no!no! hair removal. to you by no no hair removal. follow the wings. hair removal. >>> well now that the debate has wrapped up, the scorecard are in on who had the best hits and where the points were made. >> "nightline" brought in some heavyweight political analysts. take a listen and see what marks they gave the veeps. >> i thought what ryan had to do was stand toe to toe with joe biden. i thought that was the basis for grading him on style. and i thought he closed what was not just a decade's long ex
deficits. >> i understand. hang on. hang on. hang on. ron, we're not going to do talking points here. i'm asking you a very simple question. >> i'm not doing talking points. >> i didn't ask you about the economy. we can get to that. what did he mean in his statement that seems to be contradictory statements? >> i just told you what he meant. he said that his agenda is not going to be focused on abortion. it's going to be -- he did not say it was going to be focused on other issues, but obviously it's going to be. that's why he talked about the economy, what voters care about in these 27 days. >> romney was criticized for changing views on key issues and former president clinton had something to say about it. take a listen. >> i had a different reaction to that first debate than a lot of people did. i thought, wow! here is old moderate mitt. where have you been, boy? i missed you all these last few years. just show up with a sunny face and say, i didn't say all that stuff i said the last two years. i don't have that tax plan i had for the last two years. are you going to believe me or yo
raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here how could we ever trust him here? . >>> as we await mitt romney and paul ryan, let's get to our strategy session. joining us now two cnn contributors the democratic strategist maria cardona and former bush speech writer david frum. thanks very much for coming in. we had a focus group, undecided voters watching in virginia at the debate last night. and the low point for paul ryan happened when he was talking about abortion. let me play unelected make this decision elected representatives and reaching a consensus in society through the democratic process should make this determination. >> that was the low point for him. and among those focus groups in the dial test today @barack obama the twitter site tweeted low point happened near the end of the debate when he was asked about abortion. i was referring to that focus group. how much of a problem is the difference between the democratic ticket and the republican ticket with female voters out there when it comes
substance to death. what does biden need to say? will ryan wonk out on the debt and deficit? all important questions for which there is a time and place. but here and now i'd like to spend a minute sharing my fantasy because fantasies are fun and my fantasy about joe biden is bo to get weird. he does away with the restricter plate he drove around with in 2008. a joe biden with a governor is no joe i want to see. in my version biden plays it big and surgically, hazing the young kid from the minor leagues who doesn't know what it's like to perform in the big show. it goes something like this. >> relax. don't try to strike everybody out. strikeouts are boring. besides that, they're fascist. throw some ground balls. more democratic. >> what's this guy know anyway? he's so great how come he's been in the minors for ten years? if he's so hot how cam they want me instead of him? >> and another thing, you don't know [ bleep ], all right? you want to make it to the show, you'll listen to me. she wants you because she can boss you around, got it? relax, let's have some fun out here. this game is fun
the most ground in virginia. he's turned a 2% deficit to an edge. florida, a one-point race before is still a one-point race. president up 48-47. before the debate, the president led 47-46. in ohio, the president maintains a shrinking but substantial lead. he has a six-point advantage, leading romney 51-45. the big difference, early voting. there in ohio, nearly one in five respondents tell us they've already voted. and if those who have voted, almost two-thirds have voted for president obama. and did the first debate sway any voters? the vast majority tell us they made up their minds before the debate. joining me now, lee, director of the marist poll. that's what i want to start off with. i thought it was remarkable that we're talking single digits here, 7% in florida, 7%, 6%, in these three states that said the debates mattered. among that small sliver of people, they all favored romney for those that say debates mattered. >> this is what we've been saying throughout the campaign. this electorate who picked sides early, the undecided has been low, those firmly committed to a candidate has
? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> well, it may just be the vp debate. the second tier battle for the top ticket in the country, but tonight's debate between joe biden and paul ryan will unubtedly be watched by millions. and while some say a vp debate doesn't hold much sway, you just try telling that to the roughly 70 million people who watched the last vp contest on tv. it was back in 2008. vice presidential candidates joe biden versus sarah palin. >> nice to meet you. hey, can i call you joe? >> you can call me joe. >> thank you. thank you, gwen. thank you. thank you, thank you. >> say it ain't so, joe. there you go again pointing backwards again. you plefrsed your whole comment with the bush administration. >> say it ain't so, joe. i love that. as mentioned, 70 million people watched that debate. that's 10 million more than last week's debate between the presidential candidates. one woman who know as thing or two about prepping such,
are going to make a dent in deficit reduction you don't pick on things like big bird. you pick on big things like tax cuts for multimillionaires. and -- so -- no, i don't think it is an irrelevant point but i agree we ought to be talking about what the next four years will bring because it looks like romney administration would just be one big surprise party. we have no idea what that is going to be like. so -- but i think the president and the vice president really do need to give the american people a clear sense of where they want to go. >> well, let's talk about that reset because, obviously the president did take a hit in the debate. and there have been a lot of headlines about worried democrats. do you think he needed to make the adjustments? we are hearing about it in his campaign. if he needs to do more, congressman, what is it? >> well, again, you know, i don't think the american people are really interested in who wins the fight between candidates. i think they want inform know what president obama is really willing to fight for. and he's talked time and time again about that -- ne
the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly what he plans to do. the idea is to set a world record for a freefall. he has already tried it from a lower altitude. brian todd is live in roswell, new mexico. wow. that's pretty cool. he was supposed to
Search Results 0 to 49 of about 61 (some duplicates have been removed)

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